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Question 20 Chapter 2 of +2-B – USHA Publication 12 Class

Question 20 Chapter 2 of +2-B
Q-20- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 20 Chapter 2 of +2-B

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Common Size Balance Sheet

20. Prepare a common size statement of Profit and Loss.

 

Particular31st March 2016 ₹31st March 2015 ₹
I. Income  
Revenue from Operation7,00,0005,00,000
Other Income50,00030,000
Total Revenue7,50,0005,30,000
II. Expenses  
Purchases of Goods4,00,0003,50,000
Employees Benefit Expenses1,20,00080,000
Other Expenses40,00010,000
Total Expenses5,60,0004,40,000
III. Net Profit Before Tax (I-II)1,90,00090,000

The solution of Question 20 Chapter 2 of +2-B: – 

Comparative Statement of Profit & Loss
Particulars
Note no.31st March,
2015
(A)
(3)
31st March,
2016
(B)
(4)

Percentage
Change

(Increase
/Decrease)

Percentage
Change

(Increase/
Decrease)
I. Income     
Revenue from Operation 5,00,0007,00,000100.00%100.00%
Other Income 30,00050,0006.00%7.14%
Total Revenue 5,30,0007,50,000106.00%107.14%
II. Expenses     
Purchases of Goods 3,50,0004,00,00070.00%57.14%
Employees Benefit Expenses 80,0001,20,00016.00%17.14%
Other Expenses 10,00040,0002.00%5.72%
Total Expenses 4,40,0005,60,00088.00%80.00%
III. Net Profit Before Tax (I-II) 90,0001,90,00018.00%27.14%

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To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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